The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
Sales of new homes ticked lower in March, unexpectedly.
The Federal Open Market Committee begins a 2-day meeting today. Mortgage rates are expected to be volatile for the next 48 hours.
Mortgage markets were mostly unchanged last week, breaking a three-week winning streak.
In March, for the second straight month, home resales slipped nationwide.
Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years.
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.
For the first time in 3 months, homebuilder confidence has slipped.
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